Iraq’s representative in OPEC: We target the market balance is not the oil price

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The representative of Iraq in the Organization “OPEC” that Iraq aims at balancing the market, not the price of oil.

Ali Nizar told a news conference held in the UAE capital Abu Dhabi: “Iraq is not targeting oil prices, it is the balance of the market, indicating that high oil prices are not always in our interest”. also, “We are achieving our target for oil stocks and we are going back to an average of five years”.
The oil prices began to recover to reach 60 to 70 dollars per barrel after falling to less than 20 dollars per barrel in 2014.

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